4 ms·
> I am not a fan of the idea that the only driving motivation for establishing a small tech company is to make the VC's happy. I'm not either. But arguing over
by edanm 7y ago
> I am not a fan of the idea that the only driving motivation for establishing a small tech company is to make the VC's happy.
I'm not either. But arguing over words is a pointless waste of energy.
Around here (and in most places in tech), startups are understood to be a form of entrepreneurship which aims to create innovative companies with the aim of being large tech companies, almost always fueled by VC money.
It's not by any means the only kind of company one can start (mine isn't that!), and I think it's a bad thing that many people don't realize there are other forms of entrepreneurship (in most contexts, an entrepreneur can be someone who decided to franchise a McDonald's!).
But it doesn't really matter that the word startup is used to mean something different. It's just a word.
- achillesheels 7y agoI’d elaborate further that only tech companies have the potency to radically disrupt millions of people’s lives in 0<t<10 years and need “dry powder” to activate that potential, which VCs are positioned to allocate for various reasons.